Summit Community Bank, Inc

Our records indicate that this bank has been acquired by Burke & Herbert Bank & Trust Company.

For information concerning SFGI Direct, a division of Summit Community Bank online bank, please click here.

Summit Community Bank, Inc is an FDIC insured institution headquartered at 310 N Main St, Moorefield, WV 26836.
It was founded in 1995 and has approximately $5 billion in assets. Customers can open an account at one of its 0 branches.

Deposit Rates - December 22, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34102
Date Established 1995
Assets $ 4.63 billion
Loans $ 3.65 billion
Deposits $ 3.78 billion
Capital $ 545.81 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 55.31 million
Interest-bearing balances $ 31.95 million
Total securities $ 588.87 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.65 billion
Loan loss allowance $ 49.23 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.43 million
Goodwill and other intangibles $ 75.73 million
All other assets $ 153.66 million
     Total Assets $ 4.09 billion

LIABILITIES
Total deposits $ 3.78 billion
      Interest-bearing deposits $ 3.14 billion
      Deposits held in domestic offices $ 3.78 billion
      % insured (estimated) 65.92%
Federal funds purchased and repurchase agreements $ 0.16 million
Trading liabilities N.A.
Other borrowed funds $ 298.11 million
Subordinated debt N.A.
All other liabilities $ 28.67 millionn
      Total Liabilities $ 4.09 billion
      Shareholders’ Equity $ 539.01 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 65.45 million
Total Interest Expense $ 24.10 million
Net interest income $ 41.35 million
Provision for loan and lease losses N.A.
Total non interest income $ 5.12 million
Total non interest expense $ 22.74 million
Pre-tax Net Operating Income $ 33.74 million

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Branches

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Summit Community Bank, Inc Locations